Porsche Automobil (ETR:PAH3) Shares Down 0.7% - Here's What Happened

Key Points

• Porsche Automobil Holding SE's stock price fell by 0.7%, trading between €35.90 and €36.12, with over 573,317 shares changing hands during the session.
• The company has a market capitalization of $11.53 billion and a P/E ratio of 3.04, indicating its current valuation within the market.
• Porsche operates under various well-known brand names, including Volkswagen, Audi, and Lamborghini, and invests in mobility and industrial technology sectors.

Porsche Automobil Holding SE (ETR:PAH3 - Get Free Report)'s stock price dropped 0.7% on Wednesday . The stock traded as low as €35.90 ($41.74) and last traded at €36.12 ($42.00). Approximately 573,317 shares were traded during trading, an increase of 14% from the average daily volume of 502,739 shares. The stock had previously closed at €36.37 ($42.29).

Porsche Automobil Stock Down 0.6%

The stock has a market capitalization of $11.28 billion, a price-to-earnings ratio of 2.97, a price-to-earnings-growth ratio of 2.65 and a beta of 1.31. The firm has a 50-day moving average of €34.50 and a two-hundred day moving average of €35.85.

Porsche Automobil Company Profile

Porsche Automobil Holding SE, through its subsidiaries, operates as an automobile manufacturer worldwide. It operates in two segments, Core Investments and Portfolio Investments. The company is involved in investments in the areas of mobility and industrial technology. It offers its products under the Volkswagen, Audi, SEAT, KODA, Bentley, Lamborghini, and Porsche brand names.